USDCHF Analysis

Performance after Tuesday
Period	Pct	Chg	Momentum
Tuesday	0.39%	34 Pips
Week to-date	0.41%	35.8 Pips
August	0.66%	57.7 Pips

Upcoming key events (London Time)

Thu 01:30 PM USD CPI Inflation Rate (1-mth)
Thu 01:30 PM USD CPI Inflation Rate (12-mth)

What happened lately

No major activities.

What can we expect from USDCHF today?

USDCHF on Tuesday rose 0.39% to 0.87591. Price is above 9-Day EMA while Stochastic is falling.

Updated daily direction for USDCHF looks mixed as the pair is likely to consolidate above 0.87237 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.87830 or trades above daily pivot 0.87534. Break above could target R1 at 0.87887. While to the downside, we are looking at 0.87237 (S1) and daily low of 0.87180 as support levels. USDCHF need to break on either side to indicate a short-term bias. A break above 0.87830 may suggest continuation after recent positive movement.

For the week to-date, take note that USDCHF is mixed as compared to the prior week.

Key levels to watch out:

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